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Undeterred by the high price, home seekers rushed to purchase the Build-To-Order (BTO) five-bedroom apartments in Toa Payoh (Bidadari), the most expensive units at this month’s sales launch.
As of 5 p.m. yesterday, each of the 144 five-bedroom apartments in Bartley Beacon had more than six first-time applicants vying for the unit.
Second-time applicants face an even bleaker outlook, with more than 152 applicants vying for every five-roomed inhabitant.
Prices for these floors, the largest floor types in the Bidadari estate project, range from $ 627,000 to $ 726,000, excluding grants.
The last time new BTO flats were launched at the Bidadari estate, which is classified as Toa Payoh City, was in May 2017.
Then prices for the five-bedroom apartments in a project called Woodleigh Hillside started from $ 579,000, excluding grants.
In this month’s sales exercise, which ended at midnight, the 910 four-bedroom apartments at Bartley Beacon and ParkView @ Bidadari were less popular, attracting about three first-time applicants for each unit.
BETTER OPPORTUNITY
On the other hand, first-time applicants for the 184 three-bedroom flats in both projects had a better chance of landing a flat, as it attracted slightly more applicants than the units available.
Four-bedroom apartments in Bishan Ridges were also in demand, with about five first-time applicants vying for each of the 1,222 four-bedroom apartments.
These apartments, a short drive from the Bishan MRT station, were the second most expensive units at this launch, with prices ranging from $ 528,000 to $ 679,000.
The largest flats in the immature Sembawang development were also hotly contested, with more than four first-time applicants vying for each of the 184 five-bedroom flats in the Sun Sails housing project.
Odds were slightly better for the 238 four-bedroom apartments and 84 three-bedroom apartments, with about three first-time applicants for each available unit.
In Tengah, the Housing Board’s first new town in more than 20 years, there were nearly three first-time applicants for each of the 327 five-bedroom apartments and about two applicants for each of the 570 four-bedroom apartments. . These apartments are spread over two housing projects called Garden Court @ Tengah and Garden Terrace @ Tengah, and will be the first to be completed around the first quarter of 2024.
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